Question: You purchase a home for ( $ 3 5 0 , 0 0 0 ) , by making a down payment of

You purchase a home for \(\$ 350,000\), by making a down payment of \(18\%\) and financing the remaining amount with a 30-year mortgage. Your mortgage has an annual percentage rate of \(7.5\%\), compounded monthly. Determine your monthly mortgage payment (in dollars).(Round your answer to the nearest cent.)
\$
You purchase a home for \ ( \ $ 3 5 0 , 0 0 0 \ )

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